Re: [sharechat] NTA Backing

NTA????????
I always thought, on this site at least, it stood for:
No
Technical
Analysis!!!!!!!!!
Looks like I was wrong!!!!!!!!!
Nk
Hi Andrew,
Thank you kindly - that is exactly what I was looking for.
On Mon, 23 Sep 2002 22:10, andrew cottingham wrote:
> Holden
>
> net tangible asset backing
>
> Refers to the net physical assets owned by shareholders of a company at
> balance date. It expresses the asset value per share, i.e. shareholders'
> funds less intangibles, less preference capital, divided by the number of
> ordinary shares. As defined in the Listing Rules for the purpose of rule
> 4.12 in relation to a class of securities:
>
>
> NTA = (A - I - L) / N
>
> A = Total Assets.
> I = Intangible Assets.
> L = Total Liabilities ranking ahead of, or equally with, claims of that
> class of securities
> N = Total Number of securities on issue in that class. In calculating
this,
> partly paid securities which are in that class when paid up are taken into
> account by assuming that the unpaid amount is paid.
>
> Hope that is what you are looking for
>
> Andrew
>
>
>
>
>
> ----- Original Message -----
> From: Holden Glova <dsafari@paradise.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Monday, September 23, 2002 8:39 PM
> Subject: [sharechat] NTA Backing
>
>
> Hi all,
>
> I did a search on google for the term "NTA Backing" and came up with no
> definitions of what it is. Could someone please enlighten me what this is
> and
> if it is worth looking at when doing some fundamentals?
>
> Thank you in advance.
- --
Signed,
Holden Glova
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